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Gold futures gained on Thursday, with prices returning to their highest level since April after posting back-to-back session declines. “Gold prices are rallying as investors seek safety as recession and default risks won’t be going away anytime soon,” said Edward Moya, senior market analyst at OANDA. Gold for February delivery GCG23 rose $16.90, or 0.9%, to settle at $1,923.90 an ounce on Comex. That was the highest most-active contract finish since April 22, FactSet data show.
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